Press release
Iberpapel reports year-on-year net profit growth of 42.16%
Iberpapel reported €10.72 million of net profit in the first six months of 2023, year-on-year growth of 42.16%, despite the slowdown in demand in Europe and growth in imports from Asian countries, which prompted a reduction in paper sales.Iberpapel reports growth of 39% in profits despite slowdown in demand
Yesterday, the Company announced it had signed a deposit agreement for the sale of forest land - Los Eucaliptus S.A. (11,280.72 hectares) - representing approximately 40% of the Group’s total forest land area for USD55 million, a transaction which will have a very significant impact on its statement of profit or loss.Iberpapel’s profits jump 70.5% despite macroeconomic, geopolitical and regulatory uncertainty
In a year marked by macroeconomic and geopolitical uncertainty following the outbreak of war between Ukraine and Russia, Iberpapel generated net profit of €15.8 million, up 70.5% from 2021.Iberpapel’s active management mitigates higher energy costs and regulatory impacts
In the first nine months of the year Iberpapel reported revenue of €230.79 million, year-on-year growth of 40.17%, thanks to the price strategy implemented by the company to address the unstable macroeconomic and geopolitical environment.